Hunton Andrews Kurth Advises Sales Agents in The Southern Company’s Establishment of At-the-Market Program to Sell Up to 50 Million Shares of Common Stock

Time 2 Minute Read
November 5, 2021
News

Hunton Andrews Kurth LLP advised sales agents in connection with the establishment of the at-the-market program for The Southern Company (“Southern”) to sell up to an aggregate 50 million shares of its common stock from time to time through the sales agents.

Southern is the parent company of three traditional electric operating companies, Southern Power Company, Southern Company Gas, PowerSecure Inc. and other direct and indirect subsidiaries. The traditional electric operating companies – Alabama Power Company, Georgia Power Company and Mississippi Power Company – are vertically integrated utilities providing electric service in three Southeastern states of the United States. Southern Power Company develops, constructs, acquires, owns and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. Southern Company Gas distributes natural gas through the natural gas distribution utilities in four states and is involved in several other complementary businesses including gas pipeline investments, wholesale gas services and gas marketing services. PowerSecure Inc. is a provider of energy solutions, including distributed energy infrastructure and energy efficiency products and services, to customers.

The Hunton Andrews Kurth team included Peter K. O’Brien, Steve C. Friend, Patrick C. Jamieson and Michelle G. Chan.

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